SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 113 Audit of accounts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 113

113.(1) The accounts and statements of a superannuation entity prepared in
respect of a year of income in accordance with this Part must be audited by an
approved auditor.

(2) The trustee of the entity must make such arrangements as are necessary to
enable the audit of those accounts and statements in accordance with this
Part.

(3) A person who intentionally or recklessly contravenes subsection (2) is
guilty of an offence punishable on conviction by a fine not exceeding 100
penalty units.

(4) The auditor must, for the purposes of this Part, give to the trustee a
certificate relating to the accounts and statements. The certificate must be
given within the prescribed period after the year of income to which the
accounts and statements relate. The certificate must be in the approved form.

(5) A person who intentionally or recklessly contravenes subsection (4) is
guilty of an offence punishable on conviction by a fine not exceeding 50
penalty units.